3-bed · 1,482 sqftAl Thamam 49, Remraam · 7th floor · completed 2011

702, Al Thamam 49

Sold prices and rental history: sold 3 times, last in November 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 3 November 2023
Last soldAED 1M3 November 2023
Current rentAED 78K /yr1 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, Al Thamam 49

What is 702 worth today?

Last sold for AED 1,000,000 in 2023

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3 Nov 2023SoldReady
AED 1,000,000AED 674 per sqft
1 Oct 2022RentedRenewal
AED 78,000/yr12 months · AED 53 per sqft
1 Oct 2021RentedRenewal
AED 73,000/yr12 months · AED 49 per sqft
1 Oct 2020RentedRenewal
AED 75,000/yr12 months · AED 50 per sqft
1 Oct 2019RentedRenewal
AED 80,000/yr12 months · AED 54 per sqft
1 Oct 2018RentedRenewal
AED 90,000/yr12 months · AED 61 per sqft
1 Oct 2017RentedNew contract
AED 90,000/yr12 months · AED 61 per sqft
26 May 2016RentedRenewal
AED 103,000/yr12 months · AED 70 per sqft

Source: Dubai Land Department. Updated 3 November 2023.

Key facts

Type
3-bed apartment
Size
1,482 sqft
Floor
7th of 7
Parking
G-79,G-80
Developer
Remraam
Completed
2011
Service charge
AED 23,800 /yr
Last sold
AED 1M · November 2023
Building
Al Thamam 49

About 702, Al Thamam 49

702 is a three-bedroom apartment of 1,482 sqft on the 7th floor of Al Thamam 49, a 7-storey tower in Remraam completed in 2011 by Remraam. It last sold on 3 November 2023 for AED 1,000,000, or AED 674 per sqft, in line with the AED 674 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 1 October 2022, is AED 78,000 a year: a gross yield of 7.8% on the 2023 price, before the service charge of about AED 23,800 a year.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical three-bed in Al Thamam 49
1M1.2M20092013201720212025Typical sale price by year: 2009 AED 966,692; 2024 AED 1,300,000Sold by developer, April 2009: AED 1,201,653 (AED 811 per sqft)Sold, March 2013: AED 1,163,708 (AED 785 per sqft)Sold, November 2023: AED 1,000,000 (AED 674 per sqft)

702 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 702, each contractTypical three-bed in Al Thamam 49
100K2013201720212025Typical rent by year: 2015 AED 115,000; 2016 AED 115,000; 2017 AED 103,500; 2018 AED 92,000; 2019 AED 81,500; 2020 AED 77,000; 2021 AED 79,000; 2022 AED 81,900; 2023 AED 86,048; 2024 AED 94,710; 2025 AED 121,950; 2026 AED 135,000New contract, April 2013: AED 80,000 a yearNew contract, April 2014: AED 90,000 a yearNew contract, May 2015: AED 103,000 a yearRenewal, May 2016: AED 103,000 a yearNew contract, May 2016: AED 103,000 a yearNew contract, October 2017: AED 90,000 a yearRenewal, October 2018: AED 90,000 a yearRenewal, October 2019: AED 80,000 a yearRenewal, October 2020: AED 75,000 a yearRenewal, October 2021: AED 73,000 a yearRenewal, October 2022: AED 78,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Al Thamam 49, and where 702 sits

All 8 3-beds →

702 last sold in November 2023 at AED 674 per sqft, in line with what three-beds in Al Thamam 49 were fetching at the time (AED 674). 702's AED 78,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
21 May 20251,800,000
3 Sep 20241,250,000
8 Jul 20241,450,000
3 Jul 20241,300,000
0 3-bed sales in the last 12 months

Al Thamam 49

Building

62 apartments, studios to 3-bed over 7 floors in Remraam, completed in 2011 by Remraam. 7 sold in the last 12 months.

Typical price per sqft
AED 938
Typical sale
AED 695K
Typical rent
AED 60K /yr
Typical yield
8.2%
Al Thamam 49, Remraam: prices, sales and rents →

Other units on the 7th floor

All 62 units in Al Thamam 49
Value
7011-bedAED 545K · Feb 2025
7032-bedAED 956K · Sep 2013
7042-bedAED 885K · Aug 2016
7053-bedAED 1.25M · Sep 2024
7061-bedAED 640K · Mar 2026
707StudioAED 300K · Aug 2024

702, Al Thamam 49 in numbers

  • Sold 3 times: first on 21 April 2009 for AED 1,201,653, last on 3 November 2023 for AED 1,000,000 (AED 674 per sqft).
  • Rented since April 2013 on 11 Ejari contracts, from AED 80,000 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2023 price is 7.8%, before a service charge of about AED 23,800 a year (AED 16.07 per sqft).

Source: Dubai Land Department. Updated 3 November 2023.

Questions about 702, Al Thamam 49

What did unit 702 last sell for?

AED 1,000,000 on 3 November 2023: AED 674 per sqft for 1,482 sqft. The unit has 3 registered sales; the first was AED 1,201,653 in April 2009.

What is the rent for unit 702?

AED 78,000 a year on the contract renewed on 1 October 2022. The previous contract, from October 2021, was AED 73,000; the unit has been rented since April 2013.

How big is unit 702?

1,482 sqft (137.7 sqm): a three-bedroom apartment on the 7th floor of a 7-storey tower completed in 2011.

What is unit 702 worth today?

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Mortgage on 702, Al Thamam 49

Starts from the last sale price (AED 1M, 3 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →